In the long run, we've been in a downtrend which means shorting opportunities is the goal. Using the Fibonacci from the previous swing high in the 1.24000 zone to swing low at 1.21563 we can see that we're having a pullback and expecting a bearish continuation at the 38.2 or 50 FIB levels which were previous supports turned resistance.
Love to hear your thoughts in the comments.
NB: This is not trade/Financial advice. Any position you take is of your own will and Money management is advised
Love to hear your thoughts in the comments.
NB: This is not trade/Financial advice. Any position you take is of your own will and Money management is advised